The dollar index (DXY00) on Friday rose by +0.72% and posted a 5-1/4 month high. The divergence between the Fed and ECB is boosting the dollar and undercutting the euro, with the Fed expected to delay interest rate cuts and the ECB expected to begin cutting rates in June. Also, hawkish Fed comments Friday from Boston Fed President Collins, Kansas City Fed President Schmid, and Atlanta Fed President Bostic supported the dollar when they said they were in no hurry to cut interest rates. In addition, war jitters in the Middle East hammered stocks Friday and increased liquidity demand for the doll…